Friday, March 18, 2016

Gulfstream Rainbow 6 Carryover at $3.6 Million

Gulfstream Park will have a carryover of $3,642,038 on its Rainbow 6 on Saturday.

Gulfstream's 13-race Saturday card has a first post of 12:35 p.m.  The Rainbow 6 is on races eight through 13, with that sequence scheduled to start at 4:05 p.m. It is a 20-cent only per combination bet.

Our research indicates the carryover is now the second highest in the six-year history of the Rainbow 6.  The record is just under $6.4 billion in May 2014.

The carryover continues because Friday was the 47th straight racing day without the "jackpot paying" requirement of just one  ticket with the winning horses in all Rainbow 6 races.

Friday's Results
The carryover going into Friday was $3,502,617. Bettors added $581,103 to the Rainbow 6. Per its rule, Gulfstream divided 56 percent of that amount among tickets with the most winners--on Friday all six.

There were 18 such tickets, with each receiving $17,546.64.

The payoff size was helped by Wild n' Wild winning the 11th and final race at 35-1.  The other winners were four favorites, all less than 2-1, and one horse at 9-1.

Gulfstream took out 20 percent of Friday's Rainbow 6 bet.  It added 24 percent to the carryover--expanding it to more than $3.6 million.

The Rainbow 6 money was part of  $8,697,485 wagered on Friday's card.

Gulfstream has set Saturday March 26 as a mandatory payout date for the Rainbow 6 jackpot, even if there are multiple winning tickets that day.

If the carryover extends until March 26, we are among those who expect that betting on the Rainbow 6 could be as high as $10 million that day.

Carryover History
The scene is becoming similar to May 2014.  

The carryover coming into Sunday May 25 was $6,397,286.  A mandatory payout was scheduled for the next day--Memorial Day.

Gulfstream was counting on another carryover on May 25, and huge betting the next day.

But on May 25 the since deceased Dan Borislow won  the Rainbow 6 jackpot for
$6,678,939.12.  He did that with a $7,600 bet that had all runners in five of the races and two horses in the other race. 

With seven race days left until March 26, there no doubt are some syndicates planning bets similar to Borislow's with a goal of taking down the whole carryover  before it would be split on March 26.  

-- Jim Freer

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